1099 INT Question

[disneysteve]

For regular interest, some banks don't issue unless interest is at least $60.

That's really odd because the law is they have to issue one for anything over $10. I wonder how they get away with that.

[skives]

I got a 1099 INT for a $200 bonus from Chase. It probably depends on how the bank classifies the bonus. For regular interest, some banks don't issue unless interest is at least $60.

I also got a 1099 from Chase for a $300 bonus and 0.03 cents on a savings account.

[disneysteve]

I also got a 1099 from Chase for a $300 bonus and 0.03 cents on a savings account.

Two separate 1099s or one with both of those amounts? What a waste of time and resources if they sent a 1099 for $.03.

[skives]

Two separate 1099s or one with both of those amounts? What a waste of time and resources if they sent a 1099 for $.03.

One physical copy but I imported them through turbo tax and they were treated as separate 1099s

[LivingAlmostLarge]

sometimes it comes as a 1099 MISC a lot do.